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Republican Admits Conservative Lie…”It Never Trickles Down”

08 Mar

One of the Articles of Faith in the Republican party and of conservatives since Raygun is “Trickle Down Economics”. The idea that making the rich richer, means they in turn will create jobs. In a country where small business creates 3/5ths of all new jobs – it really should have been apparent 30 years ago that this was a scam.

Joe Scarborough finally lets the cat out of the bag…

Now all we need is for the paid Faux News harlots to come clean.

Joe Scarborough gives up the game: After 30 years, the GOP base realized ‘it never trickles down’

 

MSNBC host Joe Scarborough complained on Tuesday that the Republican Party was fracturing because it had advocated economic policies benefiting the richest Americans for the last 30 years with the promise that the wealth would “trickle down” to others — but it never did.

“The problem with the Republican Party over the past 30 years is they haven’t — and I’ll say, we haven’t — developed a message that appeals to the working class Americans economically in a way that Donald Trump’s does,” the former Republican lawmaker explained. “We talk about cutting capital gains taxes that the 10,000 people that in the crowd cheering for Donald Trump, they are never going to get a capital gains cut because it doesn’t apply.”

“We talk about getting rid of the death tax,” he continued. “The death tax is not going to impact the 10,000 people in the crowd for Donald Trump. We talk about how great free trade deals are. Those free trade deals never trickle down to those 10,000 people in Donald Trump’s rallies.”

“You sound like Bernie Sanders,” NBC’s Chuck Todd pointed out.

“But herein lies the problem with the Republican Party,” Scarborough complained. “It never trickles down! Those people in Trump’s crowds, those are all the ones that lost the jobs when they get moved to Mexico and elsewhere. The Republican donor class are the ones that got rich off of it because their capital moved overseas and they made higher profits.”

GOP strategist Nicole Wallace griped that Republicans “let Democrats paint our side as being on the side of Wall Street.”

According to Scarborough, Sen. Marco Rubio (R-FL) was losing because he still believed in conservatism as it was “defined by the donor class, as defined by the wealthiest Republicans.”

“The Republicans said, listen, we’re going to have all of these trade deals and tax cuts that benefit our wealthiest donor class, but we’ll give them the social issues,” Scarborough said of the last 30 years. “We’ll give them abortion, we’ll give them gay marriage, we’ll give them guns and they’ll vote for us.”

“What we’re finding this year is, they’ll even support a guy who says Planned Parenthood is good if he comes with an economic approach that they feels that could actually help them more in the future.”

 

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2 responses to “Republican Admits Conservative Lie…”It Never Trickles Down”

  1. lkeke35

    March 8, 2016 at 4:15 PM

    But this was something I was well aware of as a teenage girl, when all the wealth that Reagan said would trickle down to poor people, didn’t trickle down to my family or any of the other poor families I knew.

    Like

     
    • btx3

      March 8, 2016 at 4:59 PM

      Reagan actually raised taxes contrary to Republican Myth. But he did it by raising the taxes on the poor, middle class, and professional class who saw their nominal rate go to 39%. If you made over $200,000 your taxes actually went down under Raygun sheltering the rich.

      I believe one of Obama’s biggest failures as President was not to let Wall Street fail – and replacing it with something which actually functions as an engine of the real economy investing in business and economic growth through industry.

      Like

       

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